Global equities hit an all-time peak for the first time since February as signs of a resilient US economy overshadowed uncertainty around trade negotiations. The MSCI All-Country World Index rose 0.2% to 887.73 points, just surpassing a record of 887.72 hit in February. Conversely, the S&P 500 and Stoxx Europe 600 are both more than 2% below peaks set earlier this year. Optimism around AI following recent earnings has helped drive bullish sentiment, while a weaker dollar has boosted the value of international stocks.
- We can see further upside for global equities, but the risk/reward isn’t compelling to chase the current strength.
MM remains cautiously bullish towards equities
Add To Hit List
